HPSI Suggests A Slower Housing Market In 2022

Fannie Mae’s Home Purchase Sentiment Index (HPSI) fell 0.5 points to 74.2 in December, the GSE reported. Three of the index’s six components fell month-over-month as consumers once again reported pessimistic views on the homebuying market. Year-over-year, the index rose by 0.2. A record-low 26% of respondents reported they believe it’s a good time to buy a home, while 76% said it’s a good time to sell.  This is a drastic drop from December 2020, when 50% said it was a good time to sell and 52% said it was a good time to buy. Month-over-month, the share of consumers that reported it’s a bad time to buy a home rose from 64% to 66%, while the net share of…